Curious how Bill Gross feels in his new digs at Janus Capital (aka old digs in Newport Beach)? Curious how much money he is managing now or how he will manage it? Curious why he has a band aid under his right eye? All should be revealed in the Janus Capital live webcast going on now.
The highlights so far:
- GROSS SAYS THE WORLD HAS TOO MUCH DEBT, A `STRUCTURAL PROBLEM’
- GROSS SAYS IT’S NOT THE `OLD NORMAL’, IT IS THE `NEW NORMAL’
- GROSS SAYS ANOTHER PROBLEM IS TECHNOLOGY DISPLACING WORKERS
- GROSS SAYS GLOBAL ECONOMY IS SLOWING DOWN
- GROSS SAYS ZERO INTEREST RATES DISTORT CAPITALISM
And:
Gross chose Janus because it frees him to run $ with a strict focus on investing.
— Janus Capital (@JanusCapital) October 9, 2014
Gross says Janus is a simpler sequel to his first life at PIMCO.
— Janus Capital (@JanusCapital) October 9, 2014
Gross says in James Bond speak: “You only live twice,” and I expect to live a happy second life with Janus.
— Janus Capital (@JanusCapital) October 9, 2014
Gross says structural forces like demographics, technology, & jobs migrating from U.S. are curbing growth.
— Janus Capital (@JanusCapital) October 9, 2014
Race against the machine: Technology is displacing workers, creating disruption & lower growth, says Gross.
— Janus Capital (@JanusCapital) October 9, 2014
Gross doesn’t expect Federal Reserve to raise funds rate much above 2% given structural economic issues.
— Janus Capital (@JanusCapital) October 9, 2014
Gross does not see significant bear markets on horizon, but sees market returns lower going forward.
— Janus Capital (@JanusCapital) October 9, 2014
For the rest watch below:
via Zero Hedge http://ift.tt/1vTXlrZ Tyler Durden